Suur-Savon Sähkö has acquired Loiste Sähkönmyynti, further consolidating its position in the Finnish retail electricity market and aiming to enhance operational efficiencies and customer offerings.

Target Company Overview

In a significant development, Suur-Savon Sähkö has acquired the entire share capital of Loiste Sähkönmyynti from its previous owners, Loiste and Energiapolar. Neuvoa Advisors acted as the financial advisor for Suur-Savon Sähkö in this transaction. This acquisition is a crucial part of Suur-Savon Sähkö's strategy to strengthen its position as one of the strongest national players in the retail electricity market. Neuvoa has been instrumental in supporting Suur-Savon Sähkö's inorganic growth strategy, most recently evidenced by the acquisition of Vatajakosken Sähkön's electricity sales unit last year.

Suur-Savon Sähkön's electricity sales companies, Lumme Energia and Loiste Sähkönmyynti, will initially operate as sister companies, with plans for operational efficiencies to be established from the outset. This combined business already serves over 300,000 customers, securing approximately 9% of the entire Finnish retail electricity market.

Industry Overview in Finland

The Finnish electricity market is characterized by its progressive approach to renewable energy and increasing deregulation. The country's ambitious goals for carbon neutrality and reliance on clean energy sources have